Harbor Convertible Securities Fund (HICSX)
Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. It also focuses primarily on convertible securities of corporate issuers with debt rated below investment-grade (below Baa3 by Moody's or below BBB- by S&P or Fitch), commonly referred to as "high-yield" or "junk" bonds.
Fund Info
US4115127189
411512718
May 1, 2011
$2,500
Expense Ratio
HICSX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Harbor Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Harbor Convertible Securities Fund had a return of 4.93% year-to-date (YTD) and 17.45% in the last 12 months. Over the past 10 years, Harbor Convertible Securities Fund had an annualized return of 2.29%, while the S&P 500 had an annualized return of 11.29%, indicating that Harbor Convertible Securities Fund did not perform as well as the benchmark.
HICSX
4.93%
1.88%
12.59%
17.45%
2.52%
2.29%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of HICSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.08% | 4.93% | |||||||||||
| 2024 | -1.34% | 1.74% | 2.17% | -3.38% | 2.62% | 0.87% | 1.61% | 1.96% | 1.88% | 0.90% | 8.05% | -4.81% | 12.36% |
| 2023 | 4.61% | -2.45% | -0.16% | -1.92% | 0.93% | 4.77% | 2.56% | -3.16% | -2.15% | -4.19% | 5.54% | 6.29% | 10.36% |
| 2022 | -4.04% | -0.18% | 0.45% | -5.37% | -3.78% | -4.72% | 4.12% | -0.49% | -5.34% | 2.63% | 3.07% | -2.49% | -15.55% |
| 2021 | 1.61% | 3.63% | -3.58% | 1.44% | -0.67% | 1.50% | -0.96% | 0.67% | -1.11% | 2.18% | -2.86% | -11.95% | -10.53% |
| 2020 | 1.10% | -2.18% | -12.40% | 10.10% | 7.24% | 4.28% | 4.75% | 3.30% | -0.95% | 0.40% | 8.83% | -3.59% | 20.42% |
| 2019 | 5.54% | 3.17% | 0.33% | 2.68% | -3.17% | 3.80% | 1.58% | -1.56% | -0.94% | 1.50% | 2.31% | -1.43% | 14.33% |
| 2018 | 2.93% | -0.95% | -0.08% | 0.10% | 2.97% | 0.10% | -0.09% | 2.80% | -0.54% | -4.47% | 0.38% | -8.15% | -5.43% |
| 2017 | 1.62% | 1.22% | 0.54% | 0.92% | 0.73% | 0.28% | 0.73% | -0.27% | 1.08% | 0.90% | -0.18% | -8.83% | -1.71% |
| 2016 | -4.26% | -0.10% | 3.38% | 1.40% | 1.19% | -0.49% | 3.84% | 0.38% | 0.68% | -1.22% | 0.57% | -0.33% | 4.90% |
| 2015 | 0.00% | 2.85% | 0.33% | 0.65% | 1.47% | -1.32% | -0.09% | -2.66% | -1.59% | 1.82% | -0.00% | -3.59% | -2.30% |
| 2014 | 1.37% | 2.53% | -0.54% | 0.00% | 1.24% | 1.06% | -0.96% | 1.05% | -2.90% | 0.36% | 0.09% | -4.86% | -1.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 78, HICSX is among the top 22% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Harbor Convertible Securities Fund (HICSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Harbor Convertible Securities Fund provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.30 | $0.04 | $0.02 | $0.08 | $0.06 | $0.12 | $0.09 | $0.10 | $0.20 | $0.19 |
Dividend yield | 3.07% | 3.22% | 2.91% | 0.44% | 0.20% | 0.62% | 0.54% | 1.30% | 0.85% | 0.98% | 2.02% | 1.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Harbor Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.37 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.12 |
| 2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.10 |
| 2015 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.13 | $0.20 |
| 2014 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Harbor Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Harbor Convertible Securities Fund was 33.10%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Harbor Convertible Securities Fund drawdown is 9.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.1% | Feb 16, 2021 | 421 | Oct 14, 2022 | — | — | — |
| -21.72% | Feb 21, 2020 | 22 | Mar 23, 2020 | 50 | Jun 3, 2020 | 72 |
| -17.03% | Nov 27, 2017 | 271 | Dec 24, 2018 | 267 | Jan 16, 2020 | 538 |
| -16.86% | Jul 7, 2014 | 405 | Feb 11, 2016 | 328 | Jun 1, 2017 | 733 |
| -8.82% | Jun 1, 2011 | 88 | Oct 4, 2011 | 93 | Feb 16, 2012 | 181 |
Volatility
Volatility Chart
The current Harbor Convertible Securities Fund volatility is 2.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.